Common use of Effect on Obligations Clause in Contracts

Effect on Obligations. Termination of this Agreement pursuant to this Article X shall terminate all obligations of the Parties hereunder; provided, however, that termination pursuant to clauses (c) or (d) of Section 10.01 hereof shall not relieve any defaulting Party from any liability to the other Parties hereto.

Appears in 2 contracts

Samples: Agreement and Plan of Merger (Newmark Homes Corp), Agreement and Plan of Merger (Newmark Homes Corp)

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Effect on Obligations. Termination of this Agreement pursuant to this Article X shall terminate all obligations of the Parties parties hereunder, except for the obligation under Sections 3.12 and 4.5; provided, however, that termination pursuant to clauses (c) paragraphs 9.1c or (d) of Section 10.01 d hereof shall not relieve any defaulting Party party from any liability to the other Parties parties hereto.

Appears in 2 contracts

Samples: Purchase and Sale Agreement (Berry Petroleum Co), Purchase and Sale Agreement (Berry Petroleum Co)

Effect on Obligations. Termination of this Agreement pursuant to this Article X XI shall terminate all obligations of the Parties parties hereunder, except for their obligations under Sections 12.10 and 12.12; provided, however, that termination pursuant to clauses clause (c) or (db) of Section 10.01 hereof 11.01 shall not relieve any the defaulting Party or breaching party from any liability to the other Parties party hereto.

Appears in 2 contracts

Samples: Contribution and Assumption Agreement (Spectrum Group International, Inc.), Contribution and Assumption Agreement (Spectrum Group International, Inc.)

Effect on Obligations. Termination of this Agreement pursuant to this Article X shall will terminate all obligations of the Parties parties hereunder; , provided, however, that termination pursuant to clauses clause (c) or (db) of Section 10.01 12.1 hereof shall will not relieve any defaulting Party or breaching party from any liability to the other Parties party hereto, and provided, further, that the provisions of this Section 12.2 and Article XIII will survive termination of this Agreement.

Appears in 2 contracts

Samples: Asset Purchase Agreement (Aetrium Inc), Asset Purchase Agreement (Aetrium Inc)

Effect on Obligations. Termination of this Agreement pursuant to this Article X shall terminate all obligations of the Parties parties hereunder, except for the obligations under Sections 4.06, 11.11 and 11.12 and the last sentence of Section 4.03; provided, however, that termination pursuant to clauses clause (b), (c) or (d) of Section 10.01 hereof by reason of breaches of covenants or agreements of Seller and Parent, on the one hand, or Buyer on the other hand, shall not relieve any the defaulting Party or breaching party (whether or not it is the terminating party) from any liability to the other Parties party hereto.

Appears in 2 contracts

Samples: Agreement of Purchase and Sale (Plainwell Inc), Temporary License Agreement (Pope & Talbot Inc /De/)

Effect on Obligations. Termination of this Agreement pursuant to this Article X shall terminate all obligations of the Parties parties hereunder, except for the obligations under Sections 11.08 and 11.09 and the last sentence of Section 4.03; provided, however, that termination pursuant to clauses paragraphs (cb) or (dc) of Section 10.01 hereof shall not relieve any the defaulting Party or breaching party from any liability to the other Parties party hereto.

Appears in 1 contract

Samples: Agreement of Purchase and Sale (Promos Inc)

Effect on Obligations. Termination of this Agreement pursuant to this Article X shall will terminate all obligations of the Parties parties hereunder; provided, however, that termination pursuant to clauses clause (c) or (db) of Section 10.01 11.1 hereof shall will not relieve any defaulting Party or breaching party from any liability to the other Parties party hereto, and provided, further, that the provisions of Article XII will survive termination of this Agreement.

Appears in 1 contract

Samples: Stock Purchase Agreement (Discus Acquisition Corp)

Effect on Obligations. Termination of this Agreement pursuant to this Article X shall terminate all obligations of the Parties parties hereunder, except for the obligations under Sections 10.02, 11.08 and 11.11 and the last sentence of Section 4.03; provided, however, that termination pursuant to clauses clause (c) or (d) of Section 10.01 hereof by reason of breaches of representations and warranties or covenants or agreements shall not relieve any the defaulting Party or breaching party (whether or not it is the terminating party) from any liability to the other Parties party hereto.

Appears in 1 contract

Samples: Agreement of Purchase and Sale (Terex Corp)

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Effect on Obligations. Termination of this Agreement pursuant to this Article X shall terminate all obligations of the Parties parties hereunder, except for the obligations under Sections 11.08 and 11.09 and the last sentence of Section 4.03; provided, however, that termination pursuant to clauses paragraph (cb) or (dc) of Section 10.01 hereof shall not relieve any the defaulting Party or breaching party from any liability to the other Parties party hereto.

Appears in 1 contract

Samples: Asset Purchase Agreement (Hytk Industries Inc)

Effect on Obligations. Termination of this Agreement pursuant to this Article X shall terminate all obligations of the Parties hereunder; parties hereunder provided, however, that termination pursuant to clauses clause (cb) or (d) of Section 10.01 hereof 9.01 shall not relieve any the defaulting Party or breaching party from any liability to the other Parties party hereto.

Appears in 1 contract

Samples: Asset Purchase Agreement (Accom Inc)

Effect on Obligations. Termination of this Agreement pursuant to this Article X XI shall terminate all obligations of the Parties parties hereunder, except for the obligations under Sections 12.2, 12.11 and 12.12 hereof; provided, however, that termination pursuant to clauses clause (b) or (c) or (d) of Section 10.01 hereof 11.1 shall not relieve any the defaulting Party or breaching party from any liability to the other Parties party hereto.

Appears in 1 contract

Samples: Stock Purchase Agreement (Hickory Tech Corp)

Effect on Obligations. Termination of this Agreement pursuant to this Article X shall terminate all obligations of the Parties parties hereunder, except for the obligations under Sections 14.3 and 14.13; provided, however, however that termination pursuant to clauses (c) Sections 10.2 or (d) of Section 10.01 hereof 10.3 shall not relieve any defaulting or breaching Party or Parties from any liability to the other Parties heretohereto except as otherwise set forth in this Agreement.

Appears in 1 contract

Samples: Asset Purchase Agreement (Marsh Supermarkets Inc)

Effect on Obligations. Termination of this Agreement pursuant to this Article X shall terminate all obligations of the Parties parties hereunder, except for the obligations under Sections 3.11, 5.5 and 6.5 hereof; provided, however, that termination pursuant to clauses (c) or (de) of Section 10.01 9.1 hereof shall not relieve any defaulting Party party from any liability to the other Parties parties hereto.

Appears in 1 contract

Samples: Stock Purchase Agreement (Energy Ventures Inc /De/)

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